Maybe We Could Drill For Oil?

Just a thought. It's something we might want to consider anyway.

The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.

Higher oil prices brought on by a rapid increase in demand and a stagnation, or even decline, in supply could blow any recovery off course, said Dr Fatih Birol, the chief economist at the respected International Energy Agency (IEA) in Paris, which is charged with the task of assessing future energy supplies by OECD countries.

So why are we doing this, instead?

In a clear signal that the Obama administration is shifting the government's approach to energy exploration on public lands, Interior Secretary Ken Salazar on Wednesday canceled oil and gas leases on 77 parcels of federal land that opponents said would blight Utah's scenic southeastern corner.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/02/05/MN0K15NDTG.DTL#ixzz0N7cRKSUn